Moran Wealth Management LLC Lowers Holdings in IES Holdings, Inc. $IESC

Moran Wealth Management LLC trimmed its stake in IES Holdings, Inc. (NASDAQ:IESC) by 1.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 3,319 shares of the technology company’s stock after selling 53 shares during the quarter. Moran Wealth Management LLC’s holdings in IES were worth $983,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lord Abbett & CO. LLC purchased a new position in shares of IES in the 1st quarter worth about $16,853,000. American Century Companies Inc. raised its holdings in IES by 1.8% in the first quarter. American Century Companies Inc. now owns 53,699 shares of the technology company’s stock worth $8,866,000 after buying an additional 966 shares during the last quarter. LPL Financial LLC lifted its stake in shares of IES by 6.1% in the first quarter. LPL Financial LLC now owns 49,264 shares of the technology company’s stock worth $8,134,000 after buying an additional 2,838 shares in the last quarter. State of Wyoming grew its holdings in shares of IES by 28.9% during the first quarter. State of Wyoming now owns 41,940 shares of the technology company’s stock valued at $6,925,000 after buying an additional 9,396 shares during the last quarter. Finally, Apis Capital Advisors LLC increased its position in shares of IES by 71.6% during the first quarter. Apis Capital Advisors LLC now owns 38,000 shares of the technology company’s stock valued at $6,274,000 after acquiring an additional 15,860 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.

IES Price Performance

NASDAQ IESC opened at $391.55 on Thursday. The company has a 50-day moving average price of $365.75 and a 200-day moving average price of $295.19. IES Holdings, Inc. has a 52 week low of $146.51 and a 52 week high of $405.00. The company has a quick ratio of 1.65, a current ratio of 1.85 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $7.77 billion, a P/E ratio of 29.91 and a beta of 1.70.

IES (NASDAQ:IESC) last announced its earnings results on Friday, August 1st. The technology company reported $3.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.55 by $0.40. IES had a net margin of 8.15% and a return on equity of 37.23%. The company had revenue of $890.20 million during the quarter, compared to analyst estimates of $833.00 million.

Insider Buying and Selling

In related news, Chairman Jeffrey L. Et Al Gendell sold 55,500 shares of IES stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $373.92, for a total transaction of $20,752,560.00. Following the transaction, the chairman directly owned 10,801,028 shares in the company, valued at approximately $4,038,720,389.76. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 145,837 shares of company stock valued at $53,984,109. 56.76% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of IES in a research report on Tuesday. Wall Street Zen raised IES from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

IES Profile

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.